Alkame’s Jam and Jelly acquisitions confirmed by US market

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LAS VEGAS, Jan. 31, 2022 (GLOBE NEWSWIRE) — Alkame Holdings, Inc. (OTC PINK: ALKM), a publicly traded diversified holding company, is pleased to announce that its wholly owned subsidiary, West Coast Copacker Inc. recently closed Acquisitions of two specialty food brands: Maury Island Farm Jams and Preserves and Quinn’s Pepper Jellies, validated the growth opportunity by a market industry report for the U.S. jam market, jelly and preserves.

The US jam, jelly and preserves market is expected to register a CAGR (compound annual growth rate) of 1.7% during the forecast period 2020-2025 according to Modor Intelligence, an information and market advice. The market is quite stable with a constant growth rate in value and volume of product consumption. The main driver for the increase in the consumption of jams, jellies and preserves in the US market is consumer preference for more affordable and comforting foods.

Maury Island Farms have been produced in the region for nearly 20 years. This “local” brand with years of experience has specialized in using non-GMO fruit sourced specifically from the Pacific Northwest, with a tireless dedication to all-natural ingredients in its preserves, jams and toppings, with no flavorings , syrups or colorants. .

Quinn’s Pepper Jellies was founded in the Pacific Northwest by two sisters in 1987, after their common middle name. Quinn’s has maintained this passion for bringing together unlikely ingredients for decades by focusing these all-natural pepper jellies on local Pacific Northwest produce and premium ingredients in a colorful diversity of flavors that are a gourmet delight and include jalapeno, habanero peach, raspberry, lime cilantro. , and the puppet.

This stable business line, coupled with steady growth over the next few years, provides a solid foundation for the acquisition by Alkame and its subsidiaries of these two long-established premium clean label local brands. These products have been uniquely focused on the Pacific Northwest region and generate nearly $1 million in revenue annually, providing Alkame with the opportunity to expand these brands into new markets and regions with targeted production. about four times the capacity of the previous one. manufacturing capabilities.

“The growing demand for clean and convenient foods has driven the jam, jelly and preserves market in the United States, and we had the foresight to acquire these two long-established brands already in the market” , said Robert Eakle, CEO of Alkame.

About West Coast Co Packer, Inc.

West Coast Co Packer, Inc., is a wholly owned subsidiary of Alkame Holdings, Inc. and is a specialty food and beverage manufacturer, co-packer, private labeler and contract manufacturer, and is expected to immediately complement and seamlessly integrate with Alkame. other subsidiaries, including Bell Food and Beverage, Inc. Bell Food and Beverage, Inc. is a specialty manufacturer of hot and cold fill food and beverages made from natural and organic liquids in glass bottles and jars and PET. To learn more about West Coast Copacker, visit www.westcoastcopacker.com.

About Alkame Holdings, Inc.

Alkame Holdings, Inc. is a publicly traded diversified holding company. The Company’s wholly-owned subsidiaries manufacture products that use improved proprietary water technology, where available, to create products with several unique properties. The organization is diligently building a solid foundation through launching and acquiring suitable business assets, and pursuing multiple applications by placing them in several emerging business sectors, such as consumer food and beverages, hemp products, household pet products, horticulture and agricultural applications. , hand sanitizers and many other water-based treatment solutions for new and existing commercial platforms. For more information, visit www.alkameholdingsinc.com.

Alkame Holdings, Inc. Investor Relations
Website: www.alkameholdingsinc.com
Email: [email protected]

Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding future events that involve risks and uncertainties. These risks include, among others, the expectation that Alkame will achieve significant sales, failure to meet deadlines or performance requirements of the Company’s contracts, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.

Connections:

https://www.mordorintelligence.com/industry-reports/jam-jelly-and-preserves-market

https://www.mordorintelligence.com/industry-reports/us-jam-jelly-and-preserve-packaging-market

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